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Problem 8-1A Sandhill Co. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end.
Problem 8-1A Sandhill Co. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts on the below information. Number of Days Outstanding 61-90 $44,000 Total 0-30 31-60 Over 120 Accounts Receivable $519,000 $353,000 $88,000 $23,000 $11,000 196 4% 5% 8% 11%
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